Step 1: The number of ways to select 11 players from a group of 15 is determined using the combination formula:
\[
\binom{15}{11} = \binom{15}{4}.
\]
Since selecting 11 players from 15 is equivalent to selecting 4 players to be excluded, we use \( \binom{15}{4} \).
Step 2: Compute \( \binom{15}{4} \):
\[
\binom{15}{4} = \frac{15 \times 14 \times 13 \times 12}{4 \times 3 \times 2 \times 1}.
\]
\[
= \frac{32760}{24} = 1365.
\]
Thus, the total number of ways to form the team is 1365.